Swiss National Bank Has $45.53 Million Stake in Omnicom Group Inc. $OMC

Swiss National Bank reduced its position in shares of Omnicom Group Inc. (NYSE:OMC) by 5.5% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 558,400 shares of the business services provider’s stock after selling 32,800 shares during the quarter. Swiss National Bank owned 0.29% of Omnicom Group worth $45,526,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. Vanguard Group Inc. increased its stake in shares of Omnicom Group by 1.5% during the 2nd quarter. Vanguard Group Inc. now owns 23,811,406 shares of the business services provider’s stock worth $1,712,993,000 after purchasing an additional 344,652 shares during the last quarter. JPMorgan Chase & Co. raised its holdings in shares of Omnicom Group by 30.5% in the 3rd quarter. JPMorgan Chase & Co. now owns 8,107,021 shares of the business services provider’s stock valued at $660,969,000 after purchasing an additional 1,893,316 shares during the period. Massachusetts Financial Services Co. MA lifted its stake in Omnicom Group by 9.6% in the 2nd quarter. Massachusetts Financial Services Co. MA now owns 7,869,786 shares of the business services provider’s stock valued at $566,152,000 after purchasing an additional 691,560 shares during the last quarter. Bank of New York Mellon Corp lifted its stake in Omnicom Group by 73.6% in the 3rd quarter. Bank of New York Mellon Corp now owns 6,652,469 shares of the business services provider’s stock valued at $542,376,000 after purchasing an additional 2,820,553 shares during the last quarter. Finally, First Eagle Investment Management LLC bought a new position in Omnicom Group during the third quarter worth about $515,145,000. Institutional investors and hedge funds own 91.97% of the company’s stock.

Omnicom Group Stock Performance

NYSE:OMC opened at $77.77 on Friday. The company has a market cap of $24.14 billion, a price-to-earnings ratio of 158.72, a PEG ratio of 0.78 and a beta of 0.71. Omnicom Group Inc. has a fifty-two week low of $66.33 and a fifty-two week high of $87.17. The company has a debt-to-equity ratio of 0.60, a quick ratio of 0.81 and a current ratio of 0.93. The stock has a fifty day moving average price of $77.83 and a 200-day moving average price of $77.13.

Omnicom Group (NYSE:OMC) last issued its quarterly earnings results on Wednesday, February 18th. The business services provider reported $2.59 EPS for the quarter, missing analysts’ consensus estimates of $2.94 by ($0.35). The company had revenue of $5.53 billion during the quarter, compared to the consensus estimate of $7.58 billion. Omnicom Group had a positive return on equity of 25.65% and a negative net margin of 0.32%.The firm’s revenue for the quarter was up 27.9% on a year-over-year basis. During the same quarter in the previous year, the business posted $2.41 EPS. As a group, equities analysts anticipate that Omnicom Group Inc. will post 8.25 EPS for the current fiscal year.

Omnicom Group Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, April 9th. Shareholders of record on Wednesday, March 11th will be issued a $0.80 dividend. This represents a $3.20 annualized dividend and a yield of 4.1%. The ex-dividend date of this dividend is Wednesday, March 11th. Omnicom Group’s dividend payout ratio (DPR) is currently 653.06%.

Omnicom Group announced that its Board of Directors has authorized a share buyback program on Wednesday, February 18th that permits the company to buyback $5.00 billion in shares. This buyback authorization permits the business services provider to reacquire up to 38.1% of its shares through open market purchases. Shares buyback programs are generally an indication that the company’s management believes its stock is undervalued.

Wall Street Analyst Weigh In

Several analysts have issued reports on the company. UBS Group upped their price objective on Omnicom Group from $99.00 to $108.00 and gave the company a “buy” rating in a research note on Friday, December 5th. Weiss Ratings reiterated a “hold (c)” rating on shares of Omnicom Group in a research note on Thursday, January 22nd. Citigroup boosted their target price on Omnicom Group from $103.00 to $115.00 and gave the stock a “buy” rating in a report on Friday, February 20th. Morgan Stanley initiated coverage on Omnicom Group in a research note on Tuesday, December 16th. They issued an “equal weight” rating and a $88.00 price target on the stock. Finally, Bank of America reaffirmed an “underperform” rating and set a $77.00 price objective (down from $87.00) on shares of Omnicom Group in a research report on Monday, January 5th. Four research analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, Omnicom Group has a consensus rating of “Hold” and a consensus target price of $95.00.

Omnicom Group Profile

Omnicom Group Inc (NYSE: OMC) is a global marketing and corporate communications holding company headquartered in New York City. Founded in 1986 through the merger of the BBDO, DDB and Needham Harper agencies, Omnicom has built a portfolio of leading brands and networks serving clients across diverse industries.

The company’s primary business activities encompass advertising, strategic media planning and buying, digital and interactive marketing, direct and promotional marketing, public relations, and customer relationship management.